Brewbilt Brewing Co (Brewbilt Brewing Co) Beneish M-Score : 26.29 (As of May. 15, 2024)

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What is Brewbilt Brewing Co Beneish M-Score?

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score 26.29 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Brewbilt Brewing Co's Beneish M-Score or its related term are showing as below:

BRBL' s Beneish M-Score Range Over the Past 10 Years
Min: -48.5 Med: -30.24 Max: 26.29
Current: 26.29

During the past 13 years, the highest Beneish M-Score of Brewbilt Brewing Co was 26.29. The lowest was -48.50. And the median was -30.24.

Brewbilt Brewing Co Beneish M-Score Historical Data

The historical data trend for Brewbilt Brewing Co's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Brewbilt Brewing Co Beneish M-Score Chart

Brewbilt Brewing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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-45.70

-48.50

-14.78

26.29

Brewbilt Brewing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Beneish M-Score	Get a 7-Day Free Trial															-14.78	-7.11	-5.62	-3.67	26.29

Competitive Comparison of Brewbilt Brewing Co's Beneish M-Score

For the Specialty Industrial Machinery subindustry, Brewbilt Brewing Co's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Brewbilt Brewing Co's Beneish M-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Brewbilt Brewing Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Brewbilt Brewing Co's Beneish M-Score falls into.

Brewbilt Brewing Co Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Brewbilt Brewing Co for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.2924

0.528 * 68.4105

0.404 * 1.5803

0.892 * 4.024

0.115 * 0.6128

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.2423

4.679 * -1.880646

0.327 * 2.1904

26.29

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was $0.02 Mil.
Revenue was 0.183 + 0.128 + 0.115 + 0.077 = $0.50 Mil.
Gross Profit was 0.025 + 0.011 + -0.009 + -0.03 = $-0.00 Mil.
Total Current Assets was $0.21 Mil.
Total Assets was $2.41 Mil.
Property, Plant and Equipment(Net PPE) was $2.10 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.21 Mil.
Selling, General, & Admin. Expense(SGA) was $2.91 Mil.
Total Current Liabilities was $17.42 Mil.
Long-Term Debt & Capital Lease Obligation was $1.77 Mil.
Net Income was -10.182 + -1.334 + -4.223 + -2.717 = $-18.46 Mil.
Non Operating Income was -8.828 + -0.04 + -3.084 + -1.026 = $-12.98 Mil.
Cash Flow from Operations was -0.278 + -0.328 + -0.203 + -0.131 = $-0.94 Mil.

Total Receivables was $0.02 Mil.
Revenue was 0.062 + 0.035 + 0 + 0.028 = $0.13 Mil.
Gross Profit was -0.076 + 0.007 + 0 + 0.018 = $-0.05 Mil.
Total Current Assets was $0.09 Mil.
Total Assets was $1.98 Mil.
Property, Plant and Equipment(Net PPE) was $1.83 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.11 Mil.
Selling, General, & Admin. Expense(SGA) was $2.99 Mil.
Total Current Liabilities was $5.87 Mil.
Long-Term Debt & Capital Lease Obligation was $1.31 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(0.02 / 0.503)	/	(0.017 / 0.125)
	=	0.039761	/	0.136
	=	0.2924

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(-0.051 / 0.125)	/	(-0.003 / 0.503)
	=	-0.408	/	-0.005964
	=	68.4105

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (0.208 + 2.095) / 2.413)	/	(1 - (0.093 + 1.826) / 1.976)
	=	0.045586	/	0.028846
	=	1.5803

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	0.503	/	0.125
	=	4.024

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(0.106 / (0.106 + 1.826))	/	(0.206 / (0.206 + 2.095))
	=	0.054865	/	0.089526
	=	0.6128

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(2.912 / 0.503)	/	(2.987 / 0.125)
	=	5.789264	/	23.896
	=	0.2423

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((1.772 + 17.42) / 2.413)	/	((1.307 + 5.868) / 1.976)
	=	7.953585	/	3.631073
	=	2.1904

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(-18.456 - -12.978	-	-0.94)	/	2.413
	=	-1.880646

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Brewbilt Brewing Co has a M-score of 26.29 signals that the company is likely to be a manipulator.

Brewbilt Brewing Co Beneish M-Score Related Terms

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Brewbilt Brewing Co (Brewbilt Brewing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Brewbilt Brewing Co (OTCPK:BRBL) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Spring Hill Drive, Suite 17, Grass Valley, CA, USA, 95945

Website

https://www.brewbilt.com

Brewbilt Brewing Co is engaged in the manufacturing of custom designs and handcrafts brewing and fermentation equipment and supplies necessary equipment for craft beer production. BrewBilt Brewing produces satisfying beers using small-batch California malt for a good-quality beer. The facility and experienced staff ferment the lagers in stacked horizontal lagering tanks and give them plenty of cold aging time to achieve optimal taste and clarity. The packaging process utilizes a counter-pressure Codi line to ensure the lowest possible level of packaged oxygen, maximizing product stability and continuity over its shelf life.

Executives

Jef Howard Lewis	director	318 CLAY STREET, NEVADA CITY CA 95959
Bennett Buchanan	director	13848 LAVA DOME WAY, NEVADA CITY CA 95959
James Powell	director, officer: President	999 18TH STREET, SUITE 3000, DENVER CO 80202
Tim C Deherrera	director	1400 16TH STREET, SUITE 400, DENVER CO 80202
Paul Watts	director, officer: President	33 CAVENDISH SQUARE, LONDON X0 W140RA
Kelly Sundberg	director, 10 percent owner, officer: President	45 COVE PARK ROAD NE, CALGARY A0 T3K 5XB